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francisco and the state of california. welcome. [applause] >> i am going to make one correction. he said president obama is the first african-american president. president obama crew up in hawaii. -- grew up in hawaii. it makes him an honorary asian- american. he is the first asian-american president as well. tonight's events would not be possible without our community partners. a group that helped make all this happened, i am going to read them all. the asian business alliance, asian law alliance, the asian pacific american leadership institute, chinese-american cultural association, chinese american political association, citizens for better community, culture to culture, why in the chamber of commerce of northern care of -- kawai and chamber of commerce of northern california, northern california chinese athletic association, national association of american professionals, national federation of independent business, national federation of filipino americans, the filipino chamber of commerce, around of applause for all of our community partners, please. that was a lot. [applause] >> i
baldwin is ringing the alarm bells, california, illinois, new york, ohio and seven others have more takers than makers and they are in a death spiral. that's his words. all right, to the powerball lottery. the prize is aahalf billion dollars, how do you feel about paying a 50% tax the moment you buy the ticket and if you win giving another third to the feds. still want to stand in line, your odds 1 in 175 million. the president or should we say campaigner in chief, he'll be on the road and the union campaigns, and the message no entitlement reform in any fiscal cliff deal. and more, ollie north on record gun sales, mike reagan on california and isaacs on warren buffett. here we go. "varney & company" is about to begin. looking for a better place to put your cash? here's one you may not he thght of -- fidelity. now you don't have to go a bank get the things you want from a bank, like no-fee atms all over the world. free checkwriting and mobile deposits. now depositing a check is easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your
california, the tax capital of the world, taxes could now go even higher for those earning more than $250,000 a year, or maybe a lot higher because a republican congressman seas we should freeze tax rates for the majority of the americans in time for christmas and deal with the top 2 percent who likely see their rates raised later. that triggers this reaction from house of representatives speaker boehner. >> i told tom i disagreed. you are not going to grow the economy if you raise tax rates on the top two rates. it will hurt small business. it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying you are precaving. >>guest: that is nonsense. the reality is, tax rates go u
advertised heavy rain event has begun for northern coastal areas of california, ft. bragg, eureka, all the way to crescent city, inland areas will get drenched. it looks like the rain is creeping towards san francisco as we speak. how much rain? we have the potential to end up with inches of rain along the northwest coastal areas, possibilities of three to six inches. that could cause some flooding concerns in the days ahead. as far as the forecast is going to go, eventually this system is going to sprawl out and affect all areas from the northwest to southern california. make sure everyone has their umbrella handy and maybe a little patience as you're driving through the rain. soaked roads the highest of elevations. not going to get a lot of beneficial snow at the ski resorts out of this one. lynn, as i mentioned, these trees get donated every year. if you want to donate one, it has to at least be 75 feet tall and about 35 feet wide. >> okay. >> those are your measurements to work with. >> i'm going to have to move out of the city for that one. thanks so much. >>> don't miss tonight's
've seen in california in 20 years. >> we did check with other airports. we checked with oakland international and san jose. they're reporting no or very minor delays, if anything. back to you. >>> i think some of the totals checked in about -- >> sorry, steve. your mic isn't working. >>> continuing our storm watch coverage, the situation in marin county got some heavy rainfall this morning. we're live in san rafael. the rain let up. looks like a little sun. still windy? >> reporter: yeah. the winds have been a factor. we've been on the north side. richmond san rafael bridge since 4:00 a.m. we started out with dry conditions. then heavy rains and strong gusty winds. and now we have a little bit of some sunshine. the clouds beginning to break up a little bit. we took a short drive and did find heavy rain in the 10:00 hour approaching ross and the san anselmo area. crews were out cleaning storm drains to help minimize flooding problems in that area. heavy rain in san anselmo. the creek only went up about a foot and a half. it's about 3.5 feet right now. it's gone up a little bit bu
see how wet amy is. the california emergency manage agency remind us this storm provides a great reason to make sure we are all prepared for any type of natural hazard encouraged to have emergency kits stocked with battery operated radios and flashlights batteries, three day supply of food and water for everybody in the family and manual can opener. and developing a plan for your family posted at abc7news.com under see it on tv. >>> we'll be tracking this storm truth the day with live doppler 7 hd. meteorologist lisa argen will have the full forecast in a few minutes. >>> also, president obama turns to twitter and bay area business people are part of his push to avoid the so-called fiscal cliff. >>> new details noon deadly fire at a clothing fire in bangladesh. factory officials are -- are arrested and accused [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 co
't already, amy hollyfield, abc7 news. >> you can see how wet amy is. the california emergency manage agency remind us this storm provides a great reason to make sure we are all prepared for any type of natural hazard encouraged to have emergency kits stocked with battery operated radios and flashlights batteries, three day supply of food and water for everybody in the family and manual can opener. and developing a plan for your family posted at abc7news.com under see it on tv. >>> we'll be tracking this storm truth the day with live doppler 7 hd. meteorologist lisa argen will have the full forecast in a few minutes. >>> also, president obama turns to twitter and bay area business people are part of his push to avoid the so-called fiscal cliff. >>> new details noon deadly fire at a clothing fire in bangladesh. factory officials are -- are [ male announcer ] are you ready for tomorrow'ss technology today? then switch to a at&t u-verse t. add the wireless receiver exclusively from at&t, and you're no longer tied to the tv outlet. move your tv wherever you want in your home...even outside. [ me
california, former speaker of the house in california, speaker of the assembly in california is going to be our guest in studio. so will victoria jones from talk radio news be here as a "friend of bill" and danielle from the center for american progress and president obama about to go back on the road campaigning. but first... >> this is the "full court press." >> some other headlines you need to know on this wednesday. staffers in john boehner's office got quite a show yesterday. protestors showed up and stripped completely naked to protest cuts to a.i.d.s. programs. several men and women chanted for about ten minutes in the nude completely. in the speaker's office. though he was not there at the time. "buzzfeed" reports three women were arrested for lewd and indecent acts. the video is readily available online. uncensored. >> bill: why just the women arrested? why weren't the men arrested? >> because the women were more resisting. i guess the men put their clothes on quicker than the women did before -- when
to milk prices. but could we see the se thing happening in california? we're going to explain all of it coming up. "piles of money" coming right up. ♪ . ♪ . melissa: so big litmus test in the talk over wther the u.s. will be independent by 2020 is the keystone pipeline. will it happen not? now it is down to the wire. after revising the route to ease environmental concerns the final public hearing is set for next week. a lot hinges on the approval. joining me in fox business exclusive, transcanada president and ceo, russ girling. russ, thanks so much for coming on the show. what do you expect to happen at this hearing? >> this is a public comment period or public comment session for nebraskans. over the last year we've spent considerable time with the department of environmental quality deffning a new route. through that process we had a number of public engagement opportunities where we collected comments from nebraskans. that has been put out for public viewing and there will be a public, oral, hearing or comment period on december the fourth. we look forwar to hearing those
defense of marriage act which defines marriage as a union between a man and a woman. in california, proposition 8, a voter approved initiative prohibiting same-sex marriage. joining me now to weigh in on what we might expect from the high court is richard socarides former president of equality matters who also served as a senior adviser to president clinton. as always, thanks for joining us. >> thanks for having me. >> eliot: what is the importance of friday or monday, depending on which day the supreme court announces their decision. >> at the end of this week or on monday, we'll begin to hear from the supreme court what they're going to decide this term in relation to gay marriage and gay rights. we're almost assuredly in for a big decision from the supreme court by the end of this term. we may as early as monday, hear that they have decided not to accept for review, the all-important proposition 8 case in california. if that happens that means that in california, same-sex marriage would be legal again as early as ne
't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an
reagan. in 1967, then california governor ronald reagan created california's clean air agency which is the agency that created the zero emissions standard and is spurring electric car development. ronald reagan, godfather of modern conservatism and the electric car? somebody get rush limbaugh another tranquilizer. coming up, one of the reasons we wanted to focus on electric cars tonight is that it is such an america in the 21st century story. it's politics and it is personalities. it is old technology versus new. it is about adapting our culture and our lives and our work force and our economy to a world that changes so fast that if you blink, you're already two steps behind the other guy. and we're going to explore all of that tonight. i can't wait! so if you own a car if you've ever ridden in a car, you should definitely stick around and proudly call up any of your friends who have done the same and tell them to watch as well. it is "the war room" on a tuesday night. we're just getting revved up for a big hour o
to california including the area from la the storm system several days. the heaviest of the rain will be across northern california. that's what it is looking at rainfall accumulations 4-8 inches locally higher amounts will be possible. flooding of course a huge concern out here. we have flood watches across northern california. look at the current temperatures cold teens in rapid city. as we head into the afternoon 36 the high in minneapolis and 41 will be the high in new york city. it will be a little bit of a blesery day in new york city. >> it is time to entertain this. he crashed his own tv show calling it filth. >> two and a half men. if you watch two and a half men please stop watching two and a half men. i am on two and a half men i don't want to be on it. please stop watching it. please stop filling your head with filth. >> that is angus p. jones to plays on two and a half men. he is apologizing. he released a statement i apologize if my remarks reflect me showing indifference to my colleagues. he makes 350,000 dollars per episode. >> backstreet boy aj maclaine is now a new dad. the si
the potential for a thunderstorm. we saw some reported lightning strikes were the central california coast line. once the rain hits landfall. we will not see as much instability. you can see 8:00 a.m. most of the north bay is under heavy rain. it will grow more widespread and start to attend to five by 10:00 a.m.. this is the bulk of the ride. as it was the clock into the afternoon the showers will start to taper off. most folks will be dry as we head into later tonight. with this for system we could see up to an inch of rain a bit more in the north bay. temperatures now in the 40's and 50's. 49 in concord. 57 hayward and fremont. your kron 4 7 day around the bay forecast shows rain every day. keep your umbrella handy. friday's system will be wider than the first. light rain for saturday it will grow in intensity by sunday. we have the possibility of a 30 percent chance of lingering showers as we head into next monday and tuesday. more on what to expect that your extended forecast coming up. >> traffic doing fine at the approach to the bay bridge toll plaza. maybe some light rain on the western
of them came across the border from california, which is not 1 of the 42 states, district of columbia or the u.s. virgin islands that play the game. this morning, ticket sales are through the roof. they're selling at an unbelievable 105,000 tickets per minute. but let's face it. most players will be losers. >> oh, no. don't put that on camera. >> reporter: abc's ryan owens spoke to smu math professor scott norris. >> professor, with so many people playing this time around, does that hurt my odds? >> your odds are the same no matter how many people play. >> reporter: how did the jackpot get so big? nobody has won it all since october 6th. that's 16-straight drawings. that has lottery officials saying there's about a 16% chance someone will hit it big tonight. >> winner. >> reporter: does anyone have an advantage? well, indiana has had 38 powerball winners. missouri, following with 26. the most tickets are sold in florida, which has seen four winners in just the past three years. advisers say winners should take a lump sum payment. and for a singer winner at this point, that would mean
california are preparing for their first major wet storm of the season. a super soaker expected to stick around right through the weekend. free sandbags were given away ahead of the drenching rain that could trigger flooding as well as mud slides. the storm is also stirring up 70-mile-an-hour winds and up to 2 feet of wet snow in the mountains. >>> in pennsylvania a snowstorm that made a mess of the morning commute triggered crash after crash in the central and eastern part of the state. semitrucks jackknifed in the poconos, and cars ran off the road. some drivers were stuck in traffic for hours. several children suffered minor injuries actually when their school bus overturned in the middle of all that slippery mess. >>> and with that, here's a look at your wednesday weather, hopefully a bit calmer for most folks. drying out on the east coast today. sunny skies all the way done to florida. cooler along the gulf coast. milder than normal in the rockies. and that pacific storm also will bring rain to seattle and portland as well as heavy snow to the cascade. >> 40s in the pacific northwes
formally legalized. california's voter approve ban on gay marriage and if the high court refuses to hear proposition 8 would stand and become legal in california. san francisco city leaders say if it happens, they would need at least 24 hours to prepare for a flood of marriage license requests. >>> cat williams is in trouble with the law again and just weeks ago he was arrested in oakland on suspicion of a salt. coming up, why he may face new charges in sacramento. >>> and any are not -- and they are not sure whether they can shoot birds to keep them from planes. if shooting blank fail to scare them away, permanent employees may be allowed to use bird shot. they deferred that proposal to be talked about later. >>> there is a sky show on the way right now the final lunar eclipse of the year. and even if our cloudy rainy skies are there, you will be unlikely to notice the stage -- unlikely to notice the stage of theee lips and that will happen at -- eclipse than will happen at 6:00 this morning. >> let's check in with tara. not too bad for a morning commute. >>> that is right, not bad at a
the speaker's announced policy of january 5, 2011, the gentleman from california, mr. garamendi, is recognized for 60 minutes as the designee of the minority leader. mr. garamendi: mr. speaker, if mr. hall would like to finish his statement, i'd be happy to yield five minutes to mr. hall. mr. hall: i thank the gentleman. i think i've said about -- you are a gentleman, you are my friend, and i appreciate you. i just think we need to get together and remember the most important part of all of us is our children and our children's future. and that's what we all get together and -- that's the reason for us to change some of the positions we've taken in the past, to try to work something out that the american people expect. you're a gentleman to offer me that. maybe i've used part that have five minutes but thank you very much. and these folks need to go home sometime tonight. mr. garamendi: you had a lot of people speaking to your extraordinary career here and i didn't want to cut it short. but your advice is sound and hopefully taken by all of us. mr. hall: my mother always told me to be silent a
paste and plastic. >>> california emergency management agency reminds us the storm provides a good kick to make sure we are ready for the rainy season ahead or any type of natural hazard we are encouraged to have emergency it cans with battery operated radios and flashlights, three day supply of food and water for everyone in the family and a manual can opener. >>> in just a couple of hours, two planes and crews will takeoff from moffett field in mountain view for a long range ocean rescue 1,000 miles from dry land. planes and helicopters from the 129th rescue wing will help pick up an injured crewman from a philippine ship and airlift him for medical care. the ship is 1,000 miles from cabo san lucas. >>> investigators say two victims in a fatal shooting sunday were 15 and 16-year-old girls. police are not releasing their names until detectives interview their families they were found shot sunday morning near brookdale park the two girls were friends, but did not live in the area they are not sure what they were doing there the 15-year-old was from san leandro, the 16-year-old from oakl
down to the california coast. we're talking about the sierra but it will affect all the way from british columbia down to south of san francisco. one storm after the other. those are the huge waves. high surf warnings along the coast. you need to stay out of the water and all surfers are going to want to be in the water. a big, big event for the west. we haven't talked about this big of an event, i don't think, probably for years for the west coast, ashleigh. >> for yearses? >> yes. >> you said 20 inches of rain, ten feet of snow. that usually translates into landslides for people of california. >> no doubt about it. and this heavy rain isn't through all of the burn areas but there are burn areas affected. what i mean by that, if you're on the east coast, once you have a fire in the higher elevations, from sierra up and down from california to washington, you don't have the roots of the plant trying to hold that dirt in and the dirt just want to move and it's a one-two punch. you've lost all of the vegetation around your house and now you're going to lose all of the dirt around y
to an anti-muslim video, some trouble-making clown made out in california. ignoring john mccain and his ail argue evidence it was an organized act of terrorism. not so says the president. his u.n. ambassador and close friend simply told the truth as she was permitted to tell it, what the cia gave her to say and no more. for that he charges susan rice, in the words of the new york post, being fried. political fight fans on the tabloids relish this extreme combat what should be a good person's judgment? that's my question tonight. is susan rice now a surrogate for the president, someone to take the punishment when others above her pay grade should be answering the questions, or is she accountable for going on national television knowing she can't tell the whole truth because it's classified? let's begin with senator susan collins, republican of maine. i guess it's the toughest question in the world, senator, and that is, do you believe that susan rice, the u.n. ambassador, knowingly covered up a breach of national security? >> well, let me say this, chris, our purpose is to understand the sec
without a job. how the fiscal cliff could affect long time benefits right here in california. >>> plus the rain started falling, and the traffic troubled spots where the storm is right now. we are storm watch, stay with us.
. california's voter apressured ban on gay marriage. now, if the high court refusing to -- refuses to hear the case, the earlier ruling would make same-sex marriage legal in california. if that happens, they would need at least 24 hours to prepare for a flood of marriage license requests. >>> andre ward will defend his titles in two months. the super middleweight champ will fight his opponent in los angeles on january 27th. he defeated dawson in the oracle arena in september. he's undefeated since winning gold at the 2004 summer olympics. >>> oakland as players are donating some of their playoff money to charity. they have decided to give away one share worth more than $34,000. their donation will be split between several charities, including big brothers and big sisters and the united way of the bay area. >> how about that? >> 7:18. grab an umbrella, we're getting some wild weather. our storm coverage continues. the first of a series of storms bearing down on the bay area. meteorologist steve paulson, is tracking on the -- is tracking the storm on radar, he will pinpoint where and when it
into the state because they work in private sector. they made that ratio. for example, in california, that ratio is bigger. if you own a software company that employs 100 people, you are supporting 139 people in the state on that other list that work for the government or are welfare recipients or pensioners. the other factor they looked at was credit worthiness. they took a statement, what is their debt load for paying for all of this. what is the business climate like. how many businesses are leaving the state because of regulation. home values. they also looked at the unemployment rate. that's the credit worthiness. the death spiral states had a ratio of takers to makers greater than one. so 100 people supporting 139 others or they were in the bottom half of credit worthiness. there were 11 states that came out with bad factors on both sides. surprisingly. new mexico was at the bottom of the list. they had 153 takers per 100 workers. mississippi, california, alabama maine, new york, south carolina, kentucky, illinois, hawaii, and ohio were states that were on this death spiral list. texas did
. >> yeah, this is the season where you start to get the storms into northern california and the west. this one is a stackup here. look at this 3-d view. look at the ripples in the clouds. this is the first storm on the coastline. the rain in california today. to the west, that's the second storm. over here, on the curve of the earth, that's the third storm. all three carry heavy amounts of rain. 110-mile-per-hour wind gusts on the mountain tops. 70 to 80-mile-per-hour gusts on the shoreline. locally, nine inches of rain. north of san francisco, your rerks ureka, redding, six inches of rain. the gusty winds, each time one of those lows makes a punch on the coastline. again, the worst weather from medford to san francisco. airport delays starting today at san francisco all the way through to the weekend. we'll tell everybody what they get out of the storm in just a minute. >> thanks, sam. >>> first, the powerball fever. the $500 million jackpot is climbing before tonight's drawing. and steve osunsami is on the scene where it will happen in tallahassee, florida. good morning, steve. >>
. the chinese like california, latin americans, florida, mexican buyers prefer texas. americans bought $82 billion in u.s. homes last year. 7 billion from the chinese who now rank number two just behind canadians in real estate investments. california to new york, the chinese are paying cash for high end multi million dollar homes with special kitchens, in-law suites and koi ponds. >> it's been fantastic for the u.s. housing market because we have not suffered as other communities have. in fact, our property values increased. >> 40% of the chinese buy homes as an investment. sometimes two or three at a time in foreclosure states like nevada and arizona. they're not your typical chinese who earn less than $5,000 a year. they're businessmen and communist party leaders. some looking for a high return. others a part-time residence and a stable future for their family. >> it's a sign of their status, you know. you can show off your friends or family that i can buy something overseas. but everybody can -- not everybody can do it. >> the chinese also get more bang for their buck here. $2 million
of the regulars of electricity like california and new york have figured out how to make it attractive to energy providers, electricity providers to provide more efficiency to the ed vintage of the consumer by to reducing rates so there are many things we would be able to agree on and advance the cause of the carbonizing the economy. >> the diversity of fuel sources as well as efficiency travel parallel to the interest of the environmental policy in my judgment. >> we did, the congress did agree on the standards and the administration has continued to work in the industry to move those numbers up even more so there is a classic example of how we did something. >> i wondered if the recommendations you are making i understand that you are trying to bring together all these agencies across the executive branch whether they are of the legislative branch is a very much partner in this. how do your recommendations bring the congressional leaders and to coordinate with them as well as the executive branch leadership? >> we will recommend that this would be institutionalized or created also legislativel
stay with us. madeleine in thousand oaks, california, republican. caller: i am the wye fire the teacher. i feel i am an independent republican. -- i am the wife of a teacher. in california we feel we have too many administrators. the teachers need time to get further education and that should be demanded. there are teachers who should not be there. but there are parents who are very aggressive who come to school and have come on the playground and have hit the teachers. the teachers have insurance if something happens. one student came to school with her mother is underpants. it's not only the military that get tempted, but teachers get tempted also. host: we have a line set aside for educators this morning. we want to hear from them as well as we continue this discussion on how you would fix your school system. yesterday in washington recovered an event with florida governor jeb bush. he has an education foundation that heh startedthate held its fifth annual summit in washington, gathering policy experts, the likes of condoleezza rice and other folks were here talking about how we can
california, austin, oregon, where sustainability is part of the real culture and the thread of the way people live. when you look at the spark and you look at what the performance of a car is, we haven't announced the final range because we're not done certifying it but it will be one of the largest range vehicles and torque is more than a ferrari. >> but the skeptic will look at this and say not that you're supposed to comment on the leaf from a competitor standpoint but you look at the leaf and others and people say is there a market for electric vehicles in the u.s.? >> i think we're doing about 3,000 volts here every month. and that's been growing here pretty steadily. i think if you look at the economy and what we've been through over the last few years and affordability of that, it's hard to know exactly what those markets really are going to be when we get equalization here from a growth standpoint in the economy. the bottom line is that we can save a lot of fuel consumption. we have a place like california and los angeles in an urban environment where spark makes a huge amount of sens
.d in engineering from the university of southern california in 1982. he also worked for nasa developing engines for the space shuttle program. martha: interesting. president morsi is the leader of the muslim brotherhood he was narrowly elected in june of this year. he became a member of the muslim brotherhood when the organization was banned. one of his goals is to create a state ruled by islamic or sharia laws. the u.s. does not consider the muslim brotherhood a foreign terrorist organization. the egyptian government banned the muslim brotherhood because of its suspected role in the assassination plot of the president. bill: later this hour general jack keane is here to talk about the recent turmoil in egypt and claims morsi is a new kind of pharaoh for egypt. martha: twin car bombs in damascus, syria, the blast targeted an area known to be loyal to president bashar al-asaad. then people ran out to help those who were injured in that initial explosion and then came the second large explosion. according to the estimates. 40,000 syrians have died in all of this horrific violence in syria that ha
leader nancy pelosi's home state of california. >> reporter: hi, sue. nancy pelosi is a crucial part of the discussion to avoid the fiscal cliff, representing one of the most liberal and successful cities in america. what do folks back home in san francisco expect her to do to avoid what some say will be an economic catastrophe. for nearly 20 years, kurt has been serving up breakfast at dottie's true blue diner. running a small business, especially a restaurant, is not for the weak. so he wonders why washington can't get its act together. >> if i ran my business the way the government is run, i wouldn't be in business. he's a constituent of one of the most powerful people in washington, nancy pelosi. here's a news flash. not everybody in america believes economic armageddon is at hand. not even former mayor gavin newsom, california's lieutenant governor. >> i don't know why i'm not losing sleep over it. i think there are good people on both sides of the aisle that they're mature enough to get something done. >> kurt agrees when i asked if he was preparing for the fiscal cliff. he ans
, if you look at longer-term muni bonds, california and new jersey can we have had double-digit returns year to date so far. they aren't getting a little ahead of themselves at this point? >> there are places we would like to avoid, generally the national based muni fund, but it is a relative gain. yes, they look expensive, but you will have investors with a portion of allocations and fixed income. compared to other alternatives, the treasure market, they actually look incredibly cheap. even before you take into account the tax advantage. right now we're in a relative gain, on a relative basis at least it looks attractive. dagen: we sell dividend stocks for the possibility it could go up significantly for wealthier americans. >> i think it depends on the segment the dividend faces. there are portions of it, utilities look very expensive. these are stocks that have defensive characteristics, have done very well the last two or three years, but in general no, don't the dividend space is any more risk than the broader stock market because people will have a lot to worry about besides thei
. parts of california and southwest oregon could see as much as 15 inches. several feet of snow is expected to fall in the mountain regions. look for lake-effect snow in parts of michigan. dry in the northeast and south. brisk sales have pushed tonight's powerball jackpot to $500 million. it's a record amount for powerball and the second biggest lottery jackpot in history behind the $656 mega million prize in march. a single powerball winner would take home a lump sum of $327 million before taxes. >> build myself a nice home. >> donate a bunch of it. i don't need that kind of money. i'm content with what i got. >> people just rolled their eyes across america because of that. the federal government takes off 25% in taxes. then depending on where you live there's state and city taxes. if you don't see me in this seat tomorrow it's because i hit it. if you don't see me or ashley morrison tomorrow it's because we're halfway to a caribbean destination sipping on cocktails. ashley morrison has moneywatch this morning. am i telling the truth here? >> i would have two tickets to paradis
. the california highway patrol is also gearing up for heavy rains. the first three days of the storm will be extremely hazardous because rain brings oil to the surface. it will be slick, so drive slowly. the san anselmo creek, which runs through town, floods at 13 feet. according to the ross valley fire department's website, which tracks creek levels, it's only at just over 2 feet now. but again we are expecting rain to hit the area over the next few days. so that definitely could change. in san anselmo, elissa harrington, cbs 5. >>> and over here at the san rafael bridge, thank you, elissa, we're expecting high wind advisories here. the high wind advisory across the bay area are expected to go up until about 11:00 in the morning. we're look at winds up to 45 miles per hour with gusts up to 60. the morning commute is slow if you take a look. but again, chp is advising drivers of this high wind advisory because when you combine the wind with the rain and the commute, we're looking at potentially dangerous driving conditions. it's inevitable when weather like this hits the bay area the
. >>> dangerous times how the fiscal cliff could affect people in california, stay tuned for ktvu channel 2 morning news. this is ktvu channel 2 morning news. >>> good morning, thank you for joining us this wednesday november 28th, i am pam cook. >> weather is changing and we are on storm watch right now and we have the first of several storms roaring into the bay area and expect rain and strong winds happening now. we have live team coverage and our crews are in san francisco who are at the richmond san rafael bridge. tara moriarty is watching the morning commute, where is that storm, we can feel it, right? >> now some of the heavier rain, we have to go back here but some of the heavier bands are beginning to inch into the north bay and you can see northern county as well as rushing river, we will keep an eye on that because it will be one of the focuses of the heavier rain nothing too bad yet but up into mendocino county, there will be heavy duty rainfall totals and so far there are only 3 / 100s for the south bay. coming up, mark is live at the richmond san rafael bridge, it lo
authority in california. the san francisco chronicle reporting a growing number of churches leasing space in their steeples for cell attenthat nae. it pays $4,000 a month. >>> all right. do you think bald is beautiful? i do. now it is downright profitable as well. the "new york daily news" telling the story of the nyu graduate from texas who turned his bald head into a business. the company is called bald logos. brandon and two other bald evangelicals sell ad space on their scalps for $320. they walk the streets. usually they are accompanied by two attractive females and a camera crew to give them attention. it is working. brandon plans to expand his business to several new cities soon. >> there you go. >> love that enterprising spirit. >> capitalism at work. >>> coming up, good news for the housing industry. we dig into those details where. home prices are rising, i'm going to tell you next. nd ppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. [ engine re
30% in california goes to the education. that adds up to more than 1% of total. neill but they have been doing that for years, you would think that every kid would have a gold little bitted laptop. >> you think so, they have a state budget of 53 billion for education, one state that is biggest state. but still, a lot of change. now in addition to that 18 billion. right off the top that is just peeled off the top, have you bottom line, because, the 59 billion-dollar they spend, the people who get money from that have to pay taxes. 35% of goes to fed, you got, state local taxes which could add up to over 10% that is money that just goes into general coffers of the state that is. neil: they can use that for anything. >> anything they want to, to pay the dog catcher. >> all of these years, and all money you talk about 59 million. but, all of these years, all of various government projects, largely education when this started when you and i were young. >> this is what is was supposed to be for. neil: and our kids are still stupid right, so what happened. >> that is why, they say, does th
and robert reich, former labor secretary and professor at the university of california berkeley. joy, are you feeling sorry for grover norquist yet? >> immensely. he's such a lonelily l man. the senate is gone. enough republican senators have signal they're going to play ball. this is about the house of representatives and really for john boehner, everything changes in a good way for him. if we go off the curb or the cliff on january 1st, he won't be dealing with that tea party caucus and that's the bee in his bonnet that doesn't want to make a deal and by the way, a lot of them are are out the door. so greg's reporting is interesting because it signals that the white house has a public posture in which they say no, we dare not go off the cliff but we're going to get those tax rates increased and the reporting i've done tonight is that there's going to be additional meetings. this was the private version of the public meetings they did last week. now, they've been doing them in private and these are white house economic staff. people who do the policy piece. briefing folks on what they plan t
not take an economics degree a figure that out. finally, carol from california. we want the house to protect us as much as possible. they are now or on the defense. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, i feel like all anyone is talking about these days is the fiscal cliff. a topic of almost every newscast, but it does not seem to be a priority for everybody in washington. one north carolina congressman is working feverishly on another issue. elvis presley day. according to reports democrat larry kessel is focusing his efforts on passing a congressional decreed proclaiming january 8 in honor of the king. they would recognize his birth in mississippi in 1935. the resolution points out the influence on music in american culture, not to mention his military experience. goes on to say the singer exemplified the american dream. you have to admire him. it's not alonep
of rain over the next five days. northern california and southern oregon are expected to bear the brunt of the storms. >>> i'm dr. sanjay gupta. this week on "the next list" meet max little a math whiz and innovator with a surprising goal. >> my name is max little. i'm aiming to screen the population for parkinson's disease using voice. >> reporter: max little has a bold idea. what if doctors could detect parkinson's disease simply by the sound of your voice? max little is close to proving just that. he says one simple voice test can determine if someone has parkinson's disease. all you need is a telephone. >> we've got an ultra low cost way of detecting the disease. >> reporter: watch how max little's surprising idea is taking shape sunday on "the next list." [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. the lexus december to remember sales event is on. social security are just numbers thinkin a budget.d..
jumped in. thanks, guys. >> we want to go to california now to john fortt who has breaking news regarding ncr, which is now halted on news pending. what's going on? >> yeah, scott. not exactly sure what the news is, but i've rumor they could be announcing an acquisition just after the bell. also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap just shy of $4 billion. reatlix under $1 billion. still, a significant sides. it would be for ncr. we have to wait to see exactly what this news in. but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for busines
in california. he is used to hearing from the public. when he posted a picture doing his daughter's hair on facebook he and his wife, donna, were overwhelmed. >> the facebook page lit up and it kept going and going and going. >> i think it hit a racial core. i think it also hit a father/daughter cord. >> reporter: eight years ago, the somervilles adopted cali, a decision that raised tough questions about themselves. >> there's a baby out there that needs a mommy and a daddy. if we all of a sudden back out because we're scared that this happens to be a black baby, what does that say about us? >> reporter: they cherish watching cal ichi's play time w older sister, sydney. but know as she gets older there will likely be challenges. trans-racial adoptees can experience a lack of cultural identity. >> we dealt with it. my mom always turned everything that was an obstacle into confidence. >> reporter: helped world renowned chef samuelson, ethiopian, adopted by swedish parents. >> race, definitely has a place. >> reporter: brought up with a strong sense of self, samuelson now feels home in harl
yield the floor. the presiding officer: the senator from california. mrs. boxer: mr. president, i'm going to be very proud to support amendment 2985. i think it has to do with our military readiness. i think it has to do with our national security. and i think the fact that we have this opportunity is commendable, and i want to thank senator udall for it. striking section 313 is important because that section harms d.o.d.'s ability to diversify its fuel supplies by developing and using effective alternative fuels. now, you know, lots of colleagues can come down here and proclaim thi this isn't important or it is important. you know what? i want to listen to the d.o.d. themselves and what they say. there was an armed forces press service news report in july 2012. and this is what they said: and i quote -- "smart investing and less reliance on petroleum-based fuels will help ensure an agile, lethal and adaptable combat force and ultimately national security. " so, mr. president -- mr. president, i was distraught when i heard that the armed services committee by one vote put in this
california. he's used to hearing from the public. but when he posted a picture on facebook, he and his wife were overwhelmed. >> it kept going and going and going. >> i think hit a racial cord. i think it hit a father/daughter court. >> reporter: the summervilles adopted calle, a decision that raised tough questions about themselves. >> we also thought, you know, there is a baby out there that needs a mommy and a daddy. if we all of a sudden back out because we are scared that this happens to be a black baby, what does that say about us? >> reporter: they cherish watching calle's play time with older city sydney, but know as calle gets older, there will likely be challenges. racial adoptees can experience a lack of cultural identity. >> we dealt with it. my mom always turned everything that was an obstacle into confidence. >> reporter: facing identity issues head on helped world renowned chef marcus samuelsson. he's ethiopian, adopted by swedish parents. >> don't be naive about the questions that are going to come, like race has a place. >> reporter: brought up with a strong sense of self,
. all new and designed here in southern california. 1divide 3 -- aring horse power and career seat ventalationn and check us out from ford. most important car in my opinion here in the la autoshow new fiesta. 40 mile to the gallon and 3cylinders and it is still zippy. i am not kidding you. it gets 40 mpg's and 40 horse power and 14 grand when it goes on sale next year . you can customize the director from ford. this is all new performance an . rear wheels and brian they turn with the front wheels. that means better handling and stability when braking. and lookk at the new forester. for weather on the east coast. it is the king of all rear drives. and it is two cram cameras n the wind shield. they are pedestrian avoidance and they vis yilize a pedestrian and the car the brake. 22 grand when it goes on sale in february. and from mazda. this is what i like in the design of the car. 2.5 litter engine . when you hit the brakes, it supplies power to the electrical system. just some of the cars down here in la . as you said. it is a busy place. i know they are lookking at it. >> and the c
and hybrid vehicles will be on display. california does account for 11% of all new u.s. auto sales. i wonder if there will be any driverless cars at this one next. i hope not. in any case, that's it for today's show. thank you for tuning in. i'm kelly evans. up next is u.s. "squawk box." don't go anywhere. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> good morning, today's top stories, ceos heading to the white house to make their fiscal cliff pitch to the president. in global market news, the obama administration declines to name china a currency manipulator. and on the economic front, a report on new home sales topping today's agenda. it's wednesday, november 28th, 2012. "squawk box" begins right now. ♪ here comes santa claus here comes santa claus right down santa claus lane all his reindeers pulling on the reins ♪ >> good morn
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